CUET 2026 Economics May 15 Shift 1 Question Paper- Download Answer Key and Solution PDF

CUET 2026 May 15 Shift 1 Economics Question Paper is available for download here. NTA is conducting the CUET 2026 exam from 11th May to 31st May.

CUET 2026 Economics exam consists of 50 questions for 250 marks to be attempted in 60 minutes.
As per the marking scheme, 5 marks are awarded for each correct answer, and 1 mark is deducted for incorrect answer.

Candidates can download CUET 2026 May 15 Shift 1 Economics Question Paper with Answer Key and Solution PDF from links provided below.

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CUET 2026 Economics May 15 Shift 1 Question Paper with Solution PDF

CUET May 15 Shift 1 Economics Question Paper 2026	Download PDF	Check Solutions

Question 1:

When does a firm experience normal profit?
(A) When total revenue equals total cost.
(B) When economic profit is zero.
(C) When price is equal to minimum AVC.
(D) When price is equal to ATC in the long run.
Choose the correct answer:

(A) (A), (B), and (D) only
(B) (A) and (C) only
(C) (B) and (C) only
(D) (A), (B), (C), and (D)

Detailed Solution

Question 2:

The problem of ``What to produce?'' includes which of the following considerations?
(A) Whether to produce more of food, clothing, and housing or luxury goods.
(B) Whether to allocate more resources to education or military services.
(C) Whether to use labour-intensive or capital-intensive production methods.
(D) Whether to focus on consumption goods or investment goods.
Choose the correct answer from the options below:

(A) (A), (B), and (D) only
(B) (A), (C), and (D) only
(C) (B), (C), and (D) only
(D) (A), (B), (C), and (D)

Detailed Solution

Question 3:

The short-run supply curve of a firm is:

(A) The downward-sloping portion of the SMC curve
(B) The rising portion of the SMC curve above the minimum AVC
(C) The entire SMC curve
(D) The portion of the SMC curve below AVC

Detailed Solution

Question 4:

Which of the following statements are correct regarding firms in perfect competition?
(A) No single buyer or seller can influence the market price.
(B) Products sold by different firms are differentiated to attract customers.
(C) There are no barriers to entry or exit in the long run.
(D) Firms in a perfectly competitive market always make super-normal profit in the long run.
Choose the correct answer:

(A) (A) and (C) only
(B) (A), (B), and (D) only
(C) (B), (C), and (D) only
(D) (A), (B), (C), and (D)

Detailed Solution

Question 5:

Which of the following is not included in inventory?

(A) Raw materials
(B) Semi-finished goods
(C) Sold finished goods
(D) Unsold finished goods

Detailed Solution

Question 6:

Match List-I (Concepts) with List-II (Definitions/Examples)

List-I (Concepts)		List-II (Definitions/Examples)
(A)	Intermediate Goods	(I)	Unexpected rise in sales leads to stock depletion
(B)	Unplanned Accumulation of Inventories	(II)	Production - Sales
(C)	Change in Inventories Formula	(III)	Completely used in the production process
(D)	Unplanned Decumulation of Inventories	(IV)	Unexpected fall in sales leads to unsold stock

Choose the correct answer from the options given below:

(A) (A)-(III), (B)-(IV), (C)-(II), (D)-(I)
(B) (A)-(IV), (B)-(I), (C)-(III), (D)-(II)
(C) (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
(D) (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Detailed Solution

Question 7:

What is a liquidity trap?

(A) A situation where money supply has no impact on interest rates and demand for bonds
(B) A condition where interest rates keep increasing indefinitely
(C) A state where money is not needed in an economy
(D) A phase of high inflation due to excess money supply

Detailed Solution

Question 8:

The concept of market equilibrium assumes that:

(A) Market forces of supply and demand determine prices
(B) Government intervention is necessary to set prices
(C) Firms individually decide market prices
(D) Consumers control the supply

Detailed Solution

Question 9:

If excess demand exists in the market, what should happen to restore equilibrium?

(A) Prices should increase
(B) Prices should decrease
(C) Government should set a price cap
(D) Firms should stop production

Detailed Solution

Question 10:

Match List-I (Concepts) with List-II (Meanings)

List-I (Concepts)		List-II (Meanings)
(A)	Effective Demand Principle	(I)	Planned investment before actual execution
(B)	Autonomous Change	(II)	Expected consumption expenditure before the actual occurrence
(C)	Ex-ante Consumption	(III)	Change occurring independently of other factors in the economy
(D)	Ex-ante Investment	(IV)	Demand determines the level of employment and output

Choose the correct answer from the options given below:

(A) (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
(B) (A)-(II), (B)-(I), (C)-(IV), (D)-(III)
(C) (A)-(I), (B)-(IV), (C)-(III), (D)-(II)
(D) (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Detailed Solution

CUET UG 2026 Exam Pattern

Parameter	Details
Exam Name	Common University Entrance Test (CUET UG) 2026
Conducting Body	National Testing Agency (NTA)
Exam Mode	Computer-Based Test (CBT)
Exam Duration	60 minutes per test
Total Sections	3 (Languages, Domain Subjects, General Test)
Question Type	Multiple Choice Questions (MCQs)
Questions per Test	50 questions (all compulsory)
Marking Scheme	+5 for correct, -1 for incorrect
Maximum Marks	250 marks per test
Maximum Subject Choices	5 subjects in total
Syllabus Base	Class 12 NCERT (mainly for Domain Subjects)

CUET UG 2026 Question Paper Analysis

CUET Questions

1.
In an economy, Autonomous Consumption is \(100\) crore and the Marginal Propensity to Consume (MPC) is \(0.75\). If investment increases by \(80\) crore, then the increase in equilibrium income will be:

\(240\) crore
\(300\) crore
\(320\) crore
\(400\) crore

View Solution

2.
The "Green Revolution" in India was primarily associated with:

Increased use of chemical fertilizers and high-yielding variety (HYV) seeds
Promotion of cottage industries
Nationalization of commercial banks
Reduction in import tariffs

View Solution

3.
Which of the following is a quantitative instrument of credit control by the Central Bank?

Moral suasion
Margin requirements
Open Market Operations (OMO)
Rationing of credit

View Solution

4.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

\(X=5,\;Y=25\)
\(X=10,\;Y=20\)
\(X=15,\;Y=5\)
\(X=8,\;Y=18\)

View Solution

5.
An import of goods is recorded in the Balance of Payments account as:

A credit entry
A debit entry
A transfer payment
None of the above

View Solution

6.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

1
1.5
0.5
0.75

View Solution

CUET 2026 Economics May 15 Shift 1 Question Paper- Download Answer Key and Solution PDF

CUET 2026 Economics May 15 Shift 1 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Question Paper Analysis

CUET Questions

1.
In an economy, Autonomous Consumption is \(100\) crore and the Marginal Propensity to Consume (MPC) is \(0.75\). If investment increases by \(80\) crore, then the increase in equilibrium income will be:

2.
The "Green Revolution" in India was primarily associated with:

3.
Which of the following is a quantitative instrument of credit control by the Central Bank?

4.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

5.
An import of goods is recorded in the Balance of Payments account as:

6.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

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CUET 2026 Economics May 15 Shift 1 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Question Paper Analysis

CUET Questions

1.In an economy, Autonomous Consumption is \(100\) crore and the Marginal Propensity to Consume (MPC) is \(0.75\). If investment increases by \(80\) crore, then the increase in equilibrium income will be:

2.The "Green Revolution" in India was primarily associated with:

3.Which of the following is a quantitative instrument of credit control by the Central Bank?

4.A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

5.An import of goods is recorded in the Balance of Payments account as:

6.If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

Comments

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1.
In an economy, Autonomous Consumption is \(100\) crore and the Marginal Propensity to Consume (MPC) is \(0.75\). If investment increases by \(80\) crore, then the increase in equilibrium income will be:

2.
The "Green Revolution" in India was primarily associated with:

3.
Which of the following is a quantitative instrument of credit control by the Central Bank?

4.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

5.
An import of goods is recorded in the Balance of Payments account as:

6.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is: